Diversified Trust Co Has $1.57 Million Holdings in ServisFirst Bancshares, Inc. (NYSE:SFBS)

Diversified Trust Co grew its holdings in ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) by 41.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,989 shares of the financial services provider's stock after purchasing an additional 5,574 shares during the period. Diversified Trust Co's holdings in ServisFirst Bancshares were worth $1,568,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in SFBS. Norges Bank acquired a new position in ServisFirst Bancshares in the 4th quarter worth about $47,456,000. Victory Capital Management Inc. grew its stake in shares of ServisFirst Bancshares by 106.4% in the 4th quarter. Victory Capital Management Inc. now owns 857,735 shares of the financial services provider's stock valued at $72,684,000 after buying an additional 442,225 shares in the last quarter. Raymond James Financial Inc. acquired a new position in ServisFirst Bancshares in the fourth quarter worth approximately $19,639,000. GAMMA Investing LLC raised its position in ServisFirst Bancshares by 2,878.9% during the first quarter. GAMMA Investing LLC now owns 140,337 shares of the financial services provider's stock valued at $11,592,000 after acquiring an additional 135,626 shares in the last quarter. Finally, Federated Hermes Inc. bought a new position in ServisFirst Bancshares during the fourth quarter valued at approximately $5,859,000. Institutional investors and hedge funds own 67.31% of the company's stock.

Analyst Ratings Changes

Separately, Piper Sandler dropped their price target on shares of ServisFirst Bancshares from $96.00 to $84.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 22nd.

ServisFirst Bancshares Stock Up 3.5%

Shares of NYSE SFBS traded up $2.73 during mid-day trading on Tuesday, reaching $79.91. 256,663 shares of the company traded hands, compared to its average volume of 234,557. The company's fifty day moving average is $74.36 and its two-hundred day moving average is $80.70. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.96 and a current ratio of 0.96. ServisFirst Bancshares, Inc. has a fifty-two week low of $60.19 and a fifty-two week high of $101.37. The stock has a market cap of $4.36 billion, a PE ratio of 18.14 and a beta of 0.85.

ServisFirst Bancshares (NYSE:SFBS - Get Free Report) last announced its quarterly earnings results on Monday, April 21st. The financial services provider reported $1.16 EPS for the quarter, missing the consensus estimate of $1.18 by ($0.02). ServisFirst Bancshares had a net margin of 24.16% and a return on equity of 15.11%. The company had revenue of $131.83 million for the quarter, compared to analyst estimates of $134.13 million. During the same quarter last year, the business earned $0.94 EPS. On average, analysts expect that ServisFirst Bancshares, Inc. will post 5.17 earnings per share for the current year.

ServisFirst Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Tuesday, July 1st will be given a dividend of $0.335 per share. This represents a $1.34 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date is Tuesday, July 1st. ServisFirst Bancshares's dividend payout ratio is 30.45%.

ServisFirst Bancshares Company Profile

ServisFirst Bancshares, Inc operates as the bank holding company for ServisFirst Bank that provides various banking services to individual and corporate customers. It accepts demand, time, savings, and other deposits; checking, money market, and IRA accounts; and certificates of deposit. The company's loan products include commercial lending products, including seasonal, bridge, and term loans for working capital, expansion of the business, acquisition of property, and plant and equipment, as well as commercial lines of credit; commercial real estate loans, construction and development loans, and residential real estate loans; and consumer loans, such as home equity loans, vehicle financing, loans secured by deposits, and secured and unsecured personal loans.